Glasgow

Jennifer McMilla

Jennifer McMillan - Pacitti Jones

“The primary concern we have is the shortage of new landlords entering the market, along with existing landlords opting to sell their properties when tenants move out instead of re-listing them for rent. The increase in ADS from 6% to 8% is expected to position Scotland as the most expensive region in the UK for landlords. As more landlords decide to exit, the availability of rental properties decreases, making it harder for tenants to find suitable housing. With fewer options available, it’s becoming increasingly challenging to meet everyone’s needs.”

Market Overview - Q1 2025

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £866 -0.6% 39.7% 72.5% 27 7 24% 68%
2 bed £1,170 -1.7% 42.0% 69.6% 36 6 13% 53%
3 bed £1,673 9.4% 64.7% 76.1% 40 2 15% 48%
4 bed £2,140 5.6% 70.4% 38.3% 49 -1 20% 40%
All £1,150 0.5% 45.2% 69.4% 33 5 17% 57%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2008)

YearQ1Q2Q3Q4
2008 100.0 102.6 104.6 101.8
2009 102.3 101.4 103.0 100.7
2010 104.2 104.1 103.9 103.7
2011 102.3 106.0 106.7 105.6
2012 105.1 107.4 108.5 107.9
2013 108.1 109.0 109.0 108.5
2014 110.8 115.7 118.0 118.7
2015 119.8 120.8 120.6 123.6
2016 125.2 126.8 129.3 128.6
2017 130.5 133.2 131.9 130.9
2018 132.1 134.6 138.4 136.0
2019 136.2 140.9 141.6 141.4
2020 139.7 142.9 148.3 149.4
2021 147.8 155.6 163.7 172.0
2022 171.4 175.8 184.3 195.9
2023 194.9 201.2 213.1 207.9
2024 201.8 208.6 212.0 204.1
2025 202.8      

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
G1 5.70% 4.90% 6.00% 5.80% 6.2%
G2 6.70% 7.00% 6.60% 5.90% 6.6%
G3 5.40% 5.30% 5.30% 5.30% 5.0%
G4 6.60% 5.30% 6.00% 5.90% 6.0%
G5 6.70% 6.40% 6.70% 6.40% 6.7%
G11 5.30% 5.00% 5.20% 5.20% 5.3%
G12 4.70% 4.40% 4.80% 4.20% 4.5%
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